Latest Drilling Campaigns News

Rio Tinto may spend up to A$46 million exploring LCL Resources’ Liamu project in Papua New Guinea for an eventual 80% stake. The initial programme will target undrilled gold-copper ground at Dada, while Rio Tinto weighs whether to advance the high-grade Ubei prospect.

Cadoux has extended WIM-style rare earth-zircon mineralisation onto its Wimmera joint venture ground, with Toolondo returning 20 metres at 0.86% in-situ zircon from just 8 metres. The result is promising but remains early-stage: rare earth chemistry is incomplete and no resource has been estimated.

Wiluna Mining has repaid its remaining approximately $40 million Byrnecut loan from IPO proceeds, leaving the gold developer with no secured debt or borrowings. The company now plans 220,000 metres of drilling over two years to support potential underground and open pit restarts.

Mount Hope Mining has completed 2,919 metres of Phase 3 drilling at Mt Solitary, with assays due early in the December quarter. The explorer also reported 98.4% indicative gold recovery from maiden metallurgy and ended September with $3.487 million in cash after a Ronin Metals-led placement.

Alchemy Resources has formalised a binding joint venture with Newcam Minerals, giving Newcam 60% of the Bryah Iron Ore Project and responsibility for advancing it towards feasibility. Alchemy retains a 40% interest free carried to a Decision to Mine, with drilling and environmental surveys due to begin shortly.

Exultant Mining has completed its maiden Balerion drilling program, with final assays confirming silver-zinc-lead-copper mineralisation and local gold enrichment. The explorer is now shifting its near-term attention to three targets across the 390km² Black Hammer project while holding A$2.729 million in cash.

Great Bear Exploration has completed its maiden field campaign in Canada’s Northwest Territories, generating more than 200 high-priority targets ahead of planned 2027 drilling. The company ended September with $3.508 million in cash, but assays from 103 rock-chip samples are still pending and half of its airborne survey remains unfinished.

DeSoto Resources has expanded its Timbakouna power auger program by 200 holes after airborne geophysics generated new targets across Guinea’s Siguiri Basin. The company ended September with A$7.74 million in cash, while initial drilling assays are expected in early November.

Charger Metals has completed 4,390 metres of a 10,000 metre drilling campaign at its Medcalf lithium project, while test work lifted the composite product to 1.32% Li2O at 94.9% recovery. The Bynoe sale has also left the explorer with $4.23 million in cash to fund drilling and scoping work.

BOA Resources has secured firm commitments for a $9.245 million placement to fund the next phase of exploration across its 100%-owned Neds Creek copper project in Western Australia. The raise comes as high-grade Ricci Lee results build momentum, with further assays from 104 holes still pending.

Adavale Resources has secured A$4.65 million in placement funding to expand its Parkes gold resources, advance exploration and complete a Scoping Study expected in November. The raising comes as the company reports a 383koz gold inventory assembled over the past 20 months.

OD6 Metals has converted a run of high-grade Nevada fluorspar discoveries into a proposed 10,000-metre maiden drilling and bulk-sampling campaign. The company ended September with A$1.775 million in cash, but a subsequent A$6.92 million placement lifted pro forma funds to about A$8.695 million before costs and later movements.